Growth is possible.

On the daily chart, the fifth wave of the highest level 5 develops, within which the wave (1) of 5 and the correctional wave (2) of 5 formed, and the wave (3) of 5 develops. Now, the entry first wave of the lowest level 1 of (3) is developing, within which the wave iii of 1 has ended. If the assumption is correct, after the correctional wave iv of 1 the asset will grow to the area of 500.00–550.00. In this scenario, the critical stop loss level is 447.15.